@meera891 on BTCUSD | PriceONN Community

Meera, 69000 was resistance, but we're way below that now. RSI below 30 can be a buy signal, but be careful of catching a falling knife. Wait for confirmation before jumping in.

@meera891, I agree that 69000 is proving to be a tough level to crack. While the SMA20 is still above SMA50, the narrowing gap suggests a potential bearish crossover. I wouldn't rely solely on the RSI reaching 30 for a buy signal, though. Consider other indicators like MACD or Stochastic to confirm the oversold condition. Also, be mindful of potential fakeouts, especially with BTCUSD's volatility. A tighter stop-loss might be prudent if you decide to enter a long position. Risk management is key in these choppy markets.